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All the costs will be borne by the tenants. Including the inevitable increase caused by this legislation.
by psychlops 3y ago
All the costs will be borne by the tenants. Including the inevitable increase caused by this legislation.
- foldr 3y agoIf they get passed on to tenants that’s because the UK rental market is still almost entirely unregulated and landlords can charge whatever they want. That’s a symptom of the underlying problem.
- ChuckNorris89 3y agoYou can't regulate forcing landlords taking in other people's animals against their will. They'll find other ways to reject tenants with animals if the market is in their flavor from having a high demand from people without animals. You don't fix a broken real estate market with not enough supply, by adding more regulations on top (try moving in Berlin right now, see how regulations "help" you the tenant trying to rent something), you fix it by building enough supply such that the market becomes in their flavor that most people can afford to buy their own home where they can keep as many animals as they want, turn it into a zoo if they want.
- foldr 3y agoI'm all in favour of increasing supply. The issue of pets that you've picked up on seems a minor one, in all honesty. I was thinking more generally about any increased costs for landlords resulting from these reforms. I rent in London, so Berlin doesn't really work for me as a comparison case. I'm sure it has its issues too, but it's not obviously worse. If someone were to ask me rhetorically "would you like the rental market in London to end up like the rental market in Berlin?" then I'd probably respond "err, yeah, probably".
- ChuckNorris89 3y agoLondon housing issues: there's supply but it's very expensive Berlin housing issues: it's not too expensive but there's zero supply because of rent control So which is best? Or, the least worst.
- psychlops 3y agoThe regulations have nothing to do with it. Landlords need to make enough income to pay for the property. Any increase in expenses will need to be generated through the rent of the property. I know very little about UK property issues, but would speculate that any housing shortages are caused by regulations.
- foldr 3y ago>I know very little about UK property issues Don't let that stop you! >but would speculate that any housing shortages are caused by regulations. Which regulations? The UK rental market is almost entirely unregulated. It is less regulated than the rental market in many US states/cities, for example. Landlords can charge whatever rent they like, evict people for no reason, and put up rents without limit when renewing rental contracts. If any regulations are to blame here, they're likely to be the regulations that prevent building new houses in green belt areas, not regulations on rentals. >Any increase in expenses will need to be generated through the rent of the property. You say this as if it's obviously inevitable, but of course one possibility is that landlords will simply make a bit less money on rentals than previously. This is why regulations do have something to do with it: if there are limits on how much landlords can raise rents, then they can't simply defray any increased expenses via arbitrary rent increases. At present, however, there are no such limits.